But maybe it is good to have insurance so the company not get bankrupt because of other reasons than the market and sales.

Anytime it was talked about, some Debbie Downer would have to pipe up about how their friend/cousin/nephew went bankrupt trying to flip a house.

I have read about people who started real estate investing with very little money and now own hundreds of properties.Last week i was reading about a landlord who owns over 1500 rental apartments,20 years ago he was almost bankrupt and now he owns 1500 rental apartments..what strategy do they use to acquire such huge number of properties?

When the property value dropped in CA and other places a LOT of folks went bankrupt.

I'll try to quick and precise.2 years ago, I went Bankrupt with the intentions on reaffirming my home that was underwater.I owed 120,000 and the home was worth about 50,000.

a fellow land of Lincolner - nice to know we have another person buying properties in our bankrupt-to-be state.

One friend of mine lost 32 houses and went bankrupt.

The quadplex obviously looks like a much better property to invest in but if anything happened to the tenants I'd be very strapped for cash and it's at the VERY upper limit of my budget.I feel like I'm just throwing away my money renting right now and want to get started ASAP but don't want to purchase a property that will set me back(duplex that can't produce enough income) or buy an expensive quadplex that could potentially bankrupt me if something happens.

The lot was actually owned by a bankrupt mortgage company and I ended up buying 10 lots from the officer's of the company, who didn't know that they hadn't been dealt with in the bankruptcy.

Not with them going bankrupt and not knowing how to reduce spending.